US Dollar
Euro
British Pound
UAE Dirham
Australian Dollar
Canadian Dollar
Singapore Dollar
Japanese Yen
Thai Baht
Saudi Riyal
Swiss Franc
NZ Dollar
VND → INR· VietnamWhat We Offer Businesses
End-to-end forex management for companies of all sizes — from startups to enterprise.
Bulk Currency Orders
Large-volume currency orders for corporate travel, events, and employee needs. Volume discounts and priority delivery.
International Remittances
FEMA-compliant outward remittances for vendor payments, overseas offices, and business travel allowances.
Corporate Forex Cards
Multi-card programmes for travel-heavy teams. Load bulk INR, employees spend globally at zero markup.
Forex Account Management
Dedicated RM manages all your forex requirements — orders, renewals, and compliance in one place.
Rate Lock & Hedging
Lock in today's rate for future delivery. Protect your business from adverse currency movements.
Compliance & Documentation
Full Form A2 documentation, TCS certificates, and FEMA compliance paperwork handled by our compliance team.
Why India's Best Companies Choose Matrix Forex
Most companies lose money on forex without realising it. Bank rates, aggregator margins, and airport convenience charges silently erode your travel budget. Matrix fixes this.
Two products. One desk.
Most corporates need only two things — forex cards for their travelling staff, and bulk foreign currency for last-minute trips. Matrix Forex provides both, on a single corporate account, with one named RM handling everything.
Pre-loaded multi-currency or single-currency travel cards issued in employee name(s) under your master corporate account. One bulk INR transfer from your books loads all cards together at the locked interbank rate.
- Multi-currency — 28 currencies on a single card for multi-country itineraries.
- Single-currency — locked-rate card for a focused destination (USD, EUR, GBP, AED, AUD, CAD).
- Reload from HQ — RM tops up any card from your Mumbai/Delhi finance desk in minutes.
- Consolidated reporting — monthly statements per traveller for accounts & audit.
Foreign currency notes in 40+ currencies, delivered to the corporate's office address or to multiple traveller addresses on a single PO. Live interbank rate. Bulk-volume tiered pricing on the service component.
- Same-day delivery in 20+ cities for orders confirmed before 2 PM.
- Multi-traveller fulfilment — split a single order across multiple delivery addresses.
- USD 3,000-per-trip cash sub-limit tracked at order level under FEMA rules.
- GST-compliant invoices issued per traveller or per consolidated PO.
One LERMS letter covers everyone
For business travel forex, the company doesn't issue a separate LRS form for each traveller. Instead, an authorised signatory (typically the CFO, HR head, or company secretary) issues a single declaration letter — sometimes called a LERMS letter after the legacy Liberalised Exchange Rate Management System framework.
The letter declares, on company letterhead, the names of travelling employees, the foreign currency amount each one will carry, the country and dates of travel, and the underlying business purpose. Once Matrix has the letter, every order, card load, and reload for those travellers is processed without re-collecting individual paperwork.
The format is simple. Your Matrix RM provides a fillable template you adapt to your letterhead. We handle the FEMA reporting end-to-end.
Editable template provided by your RM. The format above is illustrative only — exact wording is finalised with your finance / legal team before signing.
From PO to delivery in 5 steps
What we collect — once
After onboarding, individual orders need only a refreshed LERMS letter for the new batch of travellers. No re-collection of company paperwork on every order.
When does a LERMS letter apply?
- Business travel of staff — sales meetings, client visits, factory audits, supplier reviews. The letter declares the traveller list and amounts.
- Bulk forex card loads — when the company is loading multiple cards for a travelling team in a single transaction.
- Trade-show & conference attendance — when the company funds the trip in foreign currency rather than reimbursing later.
- Crew & project teams — engineering / installation crews flying out for short stints. Saves filing per-individual LRS each time.
For employee personal travel (vacation, family visits) — those are LRS purchases under the individual's USD 250,000 limit, not under the company's authorisation. We can structure either side of the wall.